May see more rate cuts in China: Barclays

Rahul Bajoria, Regional Economist at Barclays, says that the recent decision to engineer a 2 per cent depreciation in the Chinese currency was a reaction to the weak export numbers. He added that there are structural problems in China, and growth is expected to slow down further. On India, Bajoria says that GST Bill not going through in Monsoon session will be a disappointment, but now this has already been factored in.